Apple Crushes Earnings, Again

  • January 18, 2011
A day after Apple CEO Steve Jobs announced he's taking a second medical leave, the company Tuesday reported record results for its fiscal first quarter ended December 25--earnings per share of $6.43, or $6 billion in profit, on revenue of $26.7 billion. That's up from a profit of $4.3 billion in the prior quarter on revenue of $20.3 billion. Those massive figures were fueled by sales of 16.24 million iPhones, 7.3 million iPads, and 4.1 million Macs. The company also sold 19.5 million Macs,

"We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales," said Jobs, in a statement. "We are firing on all cylinders and we've got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can't wait to get their hands on." The Apple CEO jolted the tech and financial communities Monday by saying he would take a leave of absence to deal with health issues, remaining as chief executive but handing over day-to-day running of the company to COO Tim Cook.

Jobs previously took a six-month leave in 2009, undergoing a liver transplant, before returning full-time to Apple. Investors, however, didn't seem overly concerned by Jobs' latest planned absence, with Apple's stock closing down only 2% Tuesday.

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